Sprott Gold Miners ETF $SGDM Shares Sold by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. decreased its stake in Sprott Gold Miners ETF (NYSEARCA:SGDM) by 73.7% during the 1st quarter, Holdings Channel reports. The firm owned 3,875 shares of the company’s stock after selling 10,865 shares during the quarter. Sovereign Financial Group Inc.’s holdings in Sprott Gold Miners ETF were worth $293,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. UBS Group AG lifted its stake in Sprott Gold Miners ETF by 0.3% in the 4th quarter. UBS Group AG now owns 340,207 shares of the company’s stock valued at $23,689,000 after buying an additional 974 shares in the last quarter. Asset One Wealth Management LLC acquired a new position in shares of Sprott Gold Miners ETF during the fourth quarter valued at approximately $17,836,000. Captrust Financial Advisors lifted its position in shares of Sprott Gold Miners ETF by 3.6% in the fourth quarter. Captrust Financial Advisors now owns 194,872 shares of the company’s stock valued at $13,569,000 after acquiring an additional 6,757 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Sprott Gold Miners ETF by 8.1% in the fourth quarter. Wells Fargo & Company MN now owns 90,204 shares of the company’s stock valued at $6,281,000 after acquiring an additional 6,794 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Sprott Gold Miners ETF by 91.5% in the fourth quarter. Royal Bank of Canada now owns 85,704 shares of the company’s stock worth $5,967,000 after acquiring an additional 40,947 shares during the last quarter.

Sprott Gold Miners ETF Stock Performance

Shares of SGDM opened at $64.41 on Wednesday. Sprott Gold Miners ETF has a one year low of $43.50 and a one year high of $96.50. The stock has a market capitalization of $589.35 million, a price-to-earnings ratio of -1,044.29 and a beta of 0.49. The stock has a 50 day moving average price of $72.95 and a 200 day moving average price of $76.30.

Sprott Gold Miners ETF Company Profile

The Sprott Gold Miners ETF (SGDM) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an equity index of gold mining firms. Firms with higher revenue growth, lower debt to equity and higher free cash flow yield receive more weight. SGDM was launched on Jul 15, 2014 and is managed by Sprott.